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Mortgage and Lending - Pro Option Mtg. 888-662-4404 - nmls#390492/204296
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Service Release Premium (SRP)/ Overage is profit that banks make when they sell a Borrower's loan to a servicing company post closing.  Amazingly, banks are legally allowed to hide this profit, never having to disclose it to consumers.  Banks make money on the interest rate they sell to borrowers...
06/03/2015
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SteveMcRory

Mortgage Loan Originator
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